Transcripts For FBC Bulls Bears 20240713 : vimarsana.com

Quickest rate in more than a decade up 4. 5 in november so how can Elizabeth Warren and other democrats claim that were in dire straights and we have to abandon capitalism when in fact, its capitalism that has made things so good. I thought Elizabeth Warren was a capitalist from her head to her toe. Look, 3. 5 , ideal with numbers, 3. 5 unemployment, millions have jobs, millions have come off welfare, unfortunately, their job is to tell you how bad things are, how your lot in life is where it is because the wealthy are basically swooing you and amazingly, they poll and they think that it works and they are getting decent numbers, amazingly, but if any of these people move to c aracas or havana and experience the state taking over i think they changed their mind pretty quick. If were talking about just the markets and then Elizabeth Warren, we are just seeing i guess fear of missing out from a lot of investors youve got strong retail numbers that helped people a lot of amazon, for example, these records that youre seeing with tesla, apple, but heading into 2020, the wall street journal did a pretty comprehensive piece about Elizabeth Warren, and what shes proposing, based off of 60 paper s and just one highlight Corporate Tax rate she wants sorry tax profits of over 100 million at a new 7 rate, global Corporate Tax, raised the top business rate to 35 the list is really really comprehensive, i do encourage our viewers to read it. It would take the whole hour but take the time to go through everything which is what we need to do especially if were well informed voters look at the policy and proposals. David and jonas, her series of proposal, eight new taxes they would really turn capitalism on its head in the United States wouldnt they . Well, i think one of the, theres a lot of reasons the markets took off in the economy. One is those policies seamless likely to happen than they did last last year. Now they did lower huge reasons Central Banks. Interest rate lowering thats not pure free market capitalism, but its still capitalist ic in nature and the investors dont want to go in a direction of even higher taxation, and also, larger benefit programs, so it was a good year to get the fear out of the market that built up late last year that includes the trade war has subsided the potential global recession thats way subsided and now we have low Interest Rates and i will say getting back to the first point that rising wage is full trickle down and that ive got to tell you i dont know how much longer that could happen without inflation picking up so a lot of things that were economics david things have changed. You know its interesting, david ursino kind of alluded to this point when you opened the segment. Median family, medium Household Income rose from the time obama took offs until he was done 1,000 per year, and already under trump its up 4,000 per year, and youve got to say that trumps policies are a lot more free market or capitalist ic than warrens were so if you just said the average person well how are you better, are you better off under, you know, trump or obama, it would be overwhelming ly trump and what people i think forget, you know, when they think about socialism, and capitalism and i think its just an economic system. Its not. Its a human nature system. Capitalism by definition is a striving to get ahead. Sometimes yes, you need to step on the other guy, or you need to squash the competition. Theres no one on this panel, and forgive me if im off, but christina is probably the most liberal of all of us. I try not to fall into any category by the way. Okay. But its just to provide statistics and yet i often get pigeon holed into a category. You and your lefty statistics. My oops but everyone on this panel wants to get ahead and be better and wants to be richer. So why is that an issue . Thats capitalism right there. David but whats important to emphasize is its not just whats happening in this country it is a worldwide phenomenon where countries have moved away from socialism and done better and in fact i would argue that you talk about labels that capitalism in a way is more progressive than socialism, the progression of capitalism is that 10 of the worlds population now is in poverty that was 60 when i was born. I was born a long time ago but just think of how we have progressed as a world as a result of moving away from socialism if you go towards socialism, you get more regression, that is people more people become poor, and the disparity between the richest and the poorest grow. Thats because it blocks opportunity. They keep telling us that they are going after the wealthy but the problem with what they want to do which prevents others from becoming wealthy, when you raise taxes, you raise taxes on the wealthy, and it flows all the way down and Bernie Sanders even came out and said hes going to raise taxes on anybody making 29,000 or more. Elizabeth warren a 12. 8 on Social Security anybody making 250 and higher, to be shared by the employer and the employee. The wealth taxes, its going to send all of the wealthy off the shores, france in 2012 put on their millionaires tax to get rid of it. David 15 countries in europe had to get rid of it. And in 2016, 10,000 millionaires left france and hit the skids to the economy to Everything Else going there. Do you really feel like we live in a perfect capitalist society though . Absolutely not. So isnt the issues of the progressives or left seem to be raising the fact that you have wait, wait, one second you have apple that becomes with the president and then doesnt have to deal with all of the tariffs, they put 15, they were released from 10 of them, so the unfair ness that i think and i was out sounding complaining or anything like that seems to be the commonality amongst a lot of people they feel left out and then to jonass point we cant forget how accommodating Central Banks have been across the globe and thats done a lot for the markets moving forward. David gary b. , you wanted to chime in go ahead. Christina makes a good point were far from a free, free market or a purely capitalist ic society but the answer is not more government. Youre absolutely right, christina. Lets cut those ties between apple and government. Lets cut the tax benefits for some industries versus another. Thats the way you get a freer market. It is true that we sort of had a free market but you have all of this socialistic globally because of the pure free markets of 100 years ago collapsed in on themselves without any government, or Central Planning so to say. How did they do that . Well with the great depression. What are you talking about . There wasnt any Social Security medicare, unemployment. That was after a wipeout, that just destroyed wealth to put unemployment doubledigit led to 25 to a global wave of bring it back to now you cant also deny over the last 20 years if not recently 30 years the highest growth rate is in an economy so my point is you need capitalism and private ownership and management. David go ahead, gary k. The tax scale before reagan, when there were 24 tax rates, 70 some odd percent lower, once we got rid of that went down to 28 , it unleashed the economy like wed never seen it and unleashed opportunity, and all i could tell you we talk about what the dems want to do. Im sorry sanders and warren are not normal dems, they are left and polling pretty bad. David and theres no pure socialism, no pure capitalism, it depends on the direction and when a country moves away from socialism it generally does better and becomes a more prosperous nation in which to live and thats good for everybody. President trump meanwhile calling out nancy pelosi for delaying an impeachment senate trial, why new reports are now saying that she could be putting it off until after the election. Are they right . Were going to be asking Republican House Judiciary Committee member when hes joining us, next. Lets be honest, quitting smoking is freaking hard. Like quitting every monday hard. Quitting feels so big. So, try making it smaller. And youll be surprised at how easily starting small. Can lead to something big. Start stopping with nicorette this is the epson no more buying cartridges. Big ink tanks. Lots of ink. Print about. This many pages. The epson ecotank. Just fill and chill. Male anchor . An update on the cat who captured our hearts. Female anchor how often should you clean your fridge . Stay tuned to find out. Male anchor beats the odds at the box office to become a rare nonfranchise hit. You can give help and hope to those in need. For every storm. And disaster that threatens my community. I will always be there to protect my neighbors. And my country. We are the Army National guard. Visit nationalguard. Com to learn more about parttime service. David President Trump slamming House Speaker Nancy Pelosis impeachment delay strategy, if it is a strategy at all the president lashing out in a tweet this afternoon, so interesting to see nancy pelosi demanding fairness for Mitch Mcconnell when she presided over the most unfair hearing in the history of the United States congress. This was a new wall street journal oped by kimberly strass el saying republicans shouldnt assume that pelosi wants a senate trial at all. She might want to keep the process stuck where it is for a while. Here now is Republican House Judiciary Committee member guy r esenthaller. So strossel is calling on Mitch Mcconnell to schedule a trial immediately. Are pelosi and democrats planning on dragging the impeachment out into the 2020 election . Well they are all over the place with all of this. I think it just shows a lack of leadership in the Democrat Party particularly in the house. We have to remember that nancy pelosi might be speaker, but this party is really in control of the far left liberal freshman , aoc, and omar, they are the ones driving this entire what i would call a sham impeachment but i can say this. The longer the impeachment sham drags out, i would say the better for republicans. We have to remember that President Trumps numbers have gone uptick harry reedily in swing states like pennsylvania, michigan, wisconsin, and in the battleground districts, districts where democrats hold seats but trump won those districts those numbers look really good for republican challengers and it means that we will likely take back the house in 2020. Congressman gary smith thanks for being on the show. Put on your blue hat for a second, and i hear what youre saying about the numbers but dont you think it would make sense for the left, pelosi, et cetera, to keep bringing up new issues, new crimes and continue to keep trump on the hot seat. New articles of impeachment if you will all the way, so it looks like hes always under the gun. I dont think thats a good idea at all. I think it that whats happening is youre seeing that the impeachment fiasco is back firing on democrats. Those that support impeachment are folks that would not vote for the president anyhow, and independent voters, swing voters , moderate democrats, are coming over the Republican Party in droves in the poll numbers are showing that. Also you have to remember that our conference, the republican conference is not only more united, stronger than ever, were also bigger than when this entire sham impeachment started because Jeff Van Drew switched parties to come over and become a republican so as if i were thinking like a democrat i would want this over as soon as possible, and i would want to focus on getting other things done, lowering Prescription Drug prices, maybe transportation, infrastructure, package, but as a republican, i say keep bringing this because this is has been nothing but great for the Republican Party. Congressman, jonas ferris. Are you like nervous at all . I just dont see it when the Mueller Report would drag on and on and it wouldnt help the democrats case, that again it almost seems like theres got to be a reason like why wouldnt they dump it on you and say its a sham in the senate look how quickly they pushed this thing through because shes not going to get the votes so are you at all worried theres something shes cooking up that you dont know about . Jonas, im not worried at all. Ive been here from the beginning i sit on Foreign Affairs and judiciary so both these committees have had some jurisdiction over impeachment and i was there when mueller testified it was what id call a nothing burger. The impeachment has been an absolute joke because the democrats dont have the facts to support the articles of impeachment. There was no underlying crime and the fact that nancy pelosi is sitting on this, shows that its flimsy, its weak, it was rushed, but i do think that there is something to this. I think that the democrats want to keep impeachment in the news, because as long as were talking about impeachment, were not talking about two things. One not talking about the red hot trump economy where weve seen record low unemployment in the last 50 years. Weve seen the stock market grow and grow and get stronger, blue collar and middle class wages are up, and were not talking about that. Were also not talking about the far left radical agenda. Crazy things like the green new deal, banning airplane, giving taxpayerfunded healthcare to illegal immigrants. Were not talking about that far left nonsense thats coming from the far left democrats in the freshman class. Congressman, christina partsinevelos here. Theres a lot of Different Reasons as to why shes holding on to this in her hands, but Mitch Mcconnell actually said that maybe, he wouldnt start the usmca which is the canada trade deal with mexico and the United States until it finished a senate trial so could that be something and could we possibly see Mitch Mcconnell advance with some sort of resolution to condemn the house . We could see both of those things and you have to remember with a trade deal there is a timeline, its not like a normal bill. Theres a window once the house passes it, that the senate has to pass it or we have to re negotiator pass again so thats a technicality and you could see that at play but i dont want to see usmca held up. The trade between canada, mexico and the United States is twice the trade that we have with china, this is very important for american farmers, for manufacturing, so it would be a shame if this is held hostage. Congressman, Gary Kaltbaum here do you think this is the plan all along because all i can tell you is leading up to this for a few weeks all we heard is weve got to get this done quick or else and get this through and get impeachment donald they just rammed this baby threw and look lets stop it dead in its tracks i dont think there is a plan at all. I think aoc, if youd read her twitter feed today it tells you what nancy pelosi is going to do tomorrow and i think nancy pelosi is holding on for deer life dealing with these far left read it call freshmen and i think that the democrats are looking from new cycle to news cycle, they arent looking out and projecting a plan. David very quickly if Speaker Pelosi doesnt appoint house managers herself, would you advise senator mcconnell to do it himself . I would advise Mitch Mcconnell to do whatever he can to bring this to a resolution, so that the country it can move on and nancy pelosi has to realize that the shes the speaker of the house. She has nothing to do with the senate. This is a twostep process, the house votes to impeach the senate tries. Its in the constitution. David congressman have a wonderful happy new year, sir thank you for joining us good to see you again. Thank you. David new reports saying democrat insiders are ditching 2020 hopeful joe biden and eying another candidate as their next front runner well tell you who and why, coming next. As a principal i can tell you this. When one student gets left behind, we all get left behind. This is a problem that affects each and every one of us. Together with ibm, we created a whole new kind of School Called ptech. Within six years, students can graduate with a high school diploma, a college degree, and a pathway to a competitive job. You know whats going up today . My poster. Today, there are more than a hundred thousand ptech students around the world. Its a game changer. Everything your trip needs for everyone you love. Expedia. For everyone you love. [ drathis holiday. Ahhhhh ahhhhh a distant friend returns. Elliott. You came back and while lots of things have changed. Wooooah woah its called the internet. Some things havent. Get ready for a reunion 3 million light years in the making. Woohoo yeah and now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. David politico is out with a new report speculating the real front runner in the 2020 race is not joe biden, it could be Bernie Sanders. According to politico lit it cold democrat insiders are looking at the second look at the Elizabeth Warren<\/a> and other democrats claim that were in dire straights and we have to abandon capitalism when in fact, its capitalism that has made things so good. I thought Elizabeth Warren<\/a> was a capitalist from her head to her toe. Look, 3. 5 , ideal with numbers, 3. 5 unemployment, millions have jobs, millions have come off welfare, unfortunately, their job is to tell you how bad things are, how your lot in life is where it is because the wealthy are basically swooing you and amazingly, they poll and they think that it works and they are getting decent numbers, amazingly, but if any of these people move to c aracas or havana and experience the state taking over i think they changed their mind pretty quick. If were talking about just the markets and then Elizabeth Warren<\/a>, we are just seeing i guess fear of missing out from a lot of investors youve got strong retail numbers that helped people a lot of amazon, for example, these records that youre seeing with tesla, apple, but heading into 2020, the wall street journal did a pretty comprehensive piece about Elizabeth Warren<\/a>, and what shes proposing, based off of 60 paper s and just one highlight Corporate Tax<\/a> rate she wants sorry tax profits of over 100 million at a new 7 rate, global Corporate Tax<\/a>, raised the top business rate to 35 the list is really really comprehensive, i do encourage our viewers to read it. It would take the whole hour but take the time to go through everything which is what we need to do especially if were well informed voters look at the policy and proposals. David and jonas, her series of proposal, eight new taxes they would really turn capitalism on its head in the United States<\/a> wouldnt they . Well, i think one of the, theres a lot of reasons the markets took off in the economy. One is those policies seamless likely to happen than they did last last year. Now they did lower huge reasons Central Banks<\/a>. Interest rate lowering thats not pure free market capitalism, but its still capitalist ic in nature and the investors dont want to go in a direction of even higher taxation, and also, larger benefit programs, so it was a good year to get the fear out of the market that built up late last year that includes the trade war has subsided the potential global recession thats way subsided and now we have low Interest Rates<\/a> and i will say getting back to the first point that rising wage is full trickle down and that ive got to tell you i dont know how much longer that could happen without inflation picking up so a lot of things that were economics david things have changed. You know its interesting, david ursino kind of alluded to this point when you opened the segment. Median family, medium Household Income<\/a> rose from the time obama took offs until he was done 1,000 per year, and already under trump its up 4,000 per year, and youve got to say that trumps policies are a lot more free market or capitalist ic than warrens were so if you just said the average person well how are you better, are you better off under, you know, trump or obama, it would be overwhelming ly trump and what people i think forget, you know, when they think about socialism, and capitalism and i think its just an economic system. Its not. Its a human nature system. Capitalism by definition is a striving to get ahead. Sometimes yes, you need to step on the other guy, or you need to squash the competition. Theres no one on this panel, and forgive me if im off, but christina is probably the most liberal of all of us. I try not to fall into any category by the way. Okay. But its just to provide statistics and yet i often get pigeon holed into a category. You and your lefty statistics. My oops but everyone on this panel wants to get ahead and be better and wants to be richer. So why is that an issue . Thats capitalism right there. David but whats important to emphasize is its not just whats happening in this country it is a worldwide phenomenon where countries have moved away from socialism and done better and in fact i would argue that you talk about labels that capitalism in a way is more progressive than socialism, the progression of capitalism is that 10 of the worlds population now is in poverty that was 60 when i was born. I was born a long time ago but just think of how we have progressed as a world as a result of moving away from socialism if you go towards socialism, you get more regression, that is people more people become poor, and the disparity between the richest and the poorest grow. Thats because it blocks opportunity. They keep telling us that they are going after the wealthy but the problem with what they want to do which prevents others from becoming wealthy, when you raise taxes, you raise taxes on the wealthy, and it flows all the way down and Bernie Sanders<\/a> even came out and said hes going to raise taxes on anybody making 29,000 or more. Elizabeth warren a 12. 8 on Social Security<\/a> anybody making 250 and higher, to be shared by the employer and the employee. The wealth taxes, its going to send all of the wealthy off the shores, france in 2012 put on their millionaires tax to get rid of it. David 15 countries in europe had to get rid of it. And in 2016, 10,000 millionaires left france and hit the skids to the economy to Everything Else<\/a> going there. Do you really feel like we live in a perfect capitalist society though . Absolutely not. So isnt the issues of the progressives or left seem to be raising the fact that you have wait, wait, one second you have apple that becomes with the president and then doesnt have to deal with all of the tariffs, they put 15, they were released from 10 of them, so the unfair ness that i think and i was out sounding complaining or anything like that seems to be the commonality amongst a lot of people they feel left out and then to jonass point we cant forget how accommodating Central Banks<\/a> have been across the globe and thats done a lot for the markets moving forward. David gary b. , you wanted to chime in go ahead. Christina makes a good point were far from a free, free market or a purely capitalist ic society but the answer is not more government. Youre absolutely right, christina. Lets cut those ties between apple and government. Lets cut the tax benefits for some industries versus another. Thats the way you get a freer market. It is true that we sort of had a free market but you have all of this socialistic globally because of the pure free markets of 100 years ago collapsed in on themselves without any government, or Central Planning<\/a> so to say. How did they do that . Well with the great depression. What are you talking about . There wasnt any Social Security<\/a> medicare, unemployment. That was after a wipeout, that just destroyed wealth to put unemployment doubledigit led to 25 to a global wave of bring it back to now you cant also deny over the last 20 years if not recently 30 years the highest growth rate is in an economy so my point is you need capitalism and private ownership and management. David go ahead, gary k. The tax scale before reagan, when there were 24 tax rates, 70 some odd percent lower, once we got rid of that went down to 28 , it unleashed the economy like wed never seen it and unleashed opportunity, and all i could tell you we talk about what the dems want to do. Im sorry sanders and warren are not normal dems, they are left and polling pretty bad. David and theres no pure socialism, no pure capitalism, it depends on the direction and when a country moves away from socialism it generally does better and becomes a more prosperous nation in which to live and thats good for everybody. President trump meanwhile calling out nancy pelosi for delaying an impeachment senate trial, why new reports are now saying that she could be putting it off until after the election. Are they right . Were going to be asking Republican House<\/a> Judiciary Committee<\/a> member when hes joining us, next. Lets be honest, quitting smoking is freaking hard. Like quitting every monday hard. Quitting feels so big. So, try making it smaller. And youll be surprised at how easily starting small. Can lead to something big. Start stopping with nicorette this is the epson no more buying cartridges. Big ink tanks. Lots of ink. Print about. This many pages. The epson ecotank. Just fill and chill. Male anchor . An update on the cat who captured our hearts. Female anchor how often should you clean your fridge . Stay tuned to find out. Male anchor beats the odds at the box office to become a rare nonfranchise hit. You can give help and hope to those in need. For every storm. And disaster that threatens my community. I will always be there to protect my neighbors. And my country. We are the Army National<\/a> guard. Visit nationalguard. Com to learn more about parttime service. David President Trump<\/a> slamming House Speaker<\/a> Nancy Pelosis<\/a> impeachment delay strategy, if it is a strategy at all the president lashing out in a tweet this afternoon, so interesting to see nancy pelosi demanding fairness for Mitch Mcconnell<\/a> when she presided over the most unfair hearing in the history of the United States<\/a> congress. This was a new wall street journal oped by kimberly strass el saying republicans shouldnt assume that pelosi wants a senate trial at all. She might want to keep the process stuck where it is for a while. Here now is Republican House<\/a> Judiciary Committee<\/a> member guy r esenthaller. So strossel is calling on Mitch Mcconnell<\/a> to schedule a trial immediately. Are pelosi and democrats planning on dragging the impeachment out into the 2020 election . Well they are all over the place with all of this. I think it just shows a lack of leadership in the Democrat Party<\/a> particularly in the house. We have to remember that nancy pelosi might be speaker, but this party is really in control of the far left liberal freshman , aoc, and omar, they are the ones driving this entire what i would call a sham impeachment but i can say this. The longer the impeachment sham drags out, i would say the better for republicans. We have to remember that President Trump<\/a>s numbers have gone uptick harry reedily in swing states like pennsylvania, michigan, wisconsin, and in the battleground districts, districts where democrats hold seats but trump won those districts those numbers look really good for republican challengers and it means that we will likely take back the house in 2020. Congressman gary smith thanks for being on the show. Put on your blue hat for a second, and i hear what youre saying about the numbers but dont you think it would make sense for the left, pelosi, et cetera, to keep bringing up new issues, new crimes and continue to keep trump on the hot seat. New articles of impeachment if you will all the way, so it looks like hes always under the gun. I dont think thats a good idea at all. I think it that whats happening is youre seeing that the impeachment fiasco is back firing on democrats. Those that support impeachment are folks that would not vote for the president anyhow, and independent voters, swing voters , moderate democrats, are coming over the Republican Party<\/a> in droves in the poll numbers are showing that. Also you have to remember that our conference, the republican conference is not only more united, stronger than ever, were also bigger than when this entire sham impeachment started because Jeff Van Drew<\/a> switched parties to come over and become a republican so as if i were thinking like a democrat i would want this over as soon as possible, and i would want to focus on getting other things done, lowering Prescription Drug<\/a> prices, maybe transportation, infrastructure, package, but as a republican, i say keep bringing this because this is has been nothing but great for the Republican Party<\/a>. Congressman, jonas ferris. Are you like nervous at all . I just dont see it when the Mueller Report<\/a> would drag on and on and it wouldnt help the democrats case, that again it almost seems like theres got to be a reason like why wouldnt they dump it on you and say its a sham in the senate look how quickly they pushed this thing through because shes not going to get the votes so are you at all worried theres something shes cooking up that you dont know about . Jonas, im not worried at all. Ive been here from the beginning i sit on Foreign Affairs<\/a> and judiciary so both these committees have had some jurisdiction over impeachment and i was there when mueller testified it was what id call a nothing burger. The impeachment has been an absolute joke because the democrats dont have the facts to support the articles of impeachment. There was no underlying crime and the fact that nancy pelosi is sitting on this, shows that its flimsy, its weak, it was rushed, but i do think that there is something to this. I think that the democrats want to keep impeachment in the news, because as long as were talking about impeachment, were not talking about two things. One not talking about the red hot trump economy where weve seen record low unemployment in the last 50 years. Weve seen the stock market grow and grow and get stronger, blue collar and middle class wages are up, and were not talking about that. Were also not talking about the far left radical agenda. Crazy things like the green new deal, banning airplane, giving taxpayerfunded healthcare to illegal immigrants. Were not talking about that far left nonsense thats coming from the far left democrats in the freshman class. Congressman, christina partsinevelos here. Theres a lot of Different Reasons<\/a> as to why shes holding on to this in her hands, but Mitch Mcconnell<\/a> actually said that maybe, he wouldnt start the usmca which is the canada trade deal with mexico and the United States<\/a> until it finished a senate trial so could that be something and could we possibly see Mitch Mcconnell<\/a> advance with some sort of resolution to condemn the house . We could see both of those things and you have to remember with a trade deal there is a timeline, its not like a normal bill. Theres a window once the house passes it, that the senate has to pass it or we have to re negotiator pass again so thats a technicality and you could see that at play but i dont want to see usmca held up. The trade between canada, mexico and the United States<\/a> is twice the trade that we have with china, this is very important for american farmers, for manufacturing, so it would be a shame if this is held hostage. Congressman, Gary Kaltbaum<\/a> here do you think this is the plan all along because all i can tell you is leading up to this for a few weeks all we heard is weve got to get this done quick or else and get this through and get impeachment donald they just rammed this baby threw and look lets stop it dead in its tracks i dont think there is a plan at all. I think aoc, if youd read her twitter feed today it tells you what nancy pelosi is going to do tomorrow and i think nancy pelosi is holding on for deer life dealing with these far left read it call freshmen and i think that the democrats are looking from new cycle to news cycle, they arent looking out and projecting a plan. David very quickly if Speaker Pelosi<\/a> doesnt appoint house managers herself, would you advise senator mcconnell to do it himself . I would advise Mitch Mcconnell<\/a> to do whatever he can to bring this to a resolution, so that the country it can move on and nancy pelosi has to realize that the shes the speaker of the house. She has nothing to do with the senate. This is a twostep process, the house votes to impeach the senate tries. Its in the constitution. David congressman have a wonderful happy new year, sir thank you for joining us good to see you again. Thank you. David new reports saying democrat insiders are ditching 2020 hopeful joe biden and eying another candidate as their next front runner well tell you who and why, coming next. As a principal i can tell you this. When one student gets left behind, we all get left behind. This is a problem that affects each and every one of us. Together with ibm, we created a whole new kind of School Called<\/a> ptech. Within six years, students can graduate with a high school diploma, a college degree, and a pathway to a competitive job. You know whats going up today . My poster. Today, there are more than a hundred thousand ptech students around the world. Its a game changer. Everything your trip needs for everyone you love. Expedia. For everyone you love. [ drathis holiday. Ahhhhh ahhhhh a distant friend returns. Elliott. You came back and while lots of things have changed. Wooooah woah its called the internet. Some things havent. Get ready for a reunion 3 million light years in the making. Woohoo yeah and now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual<\/a> customizes your Car Insurance<\/a> so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. David politico is out with a new report speculating the real front runner in the 2020 race is not joe biden, it could be Bernie Sanders<\/a>. According to politico lit it cold democrat insiders are looking at the second look at the Sanders Campaign<\/a> citing the candidates ability to maintain consistent support throughout the race, unlike fellow candidates some of whom have already dropped out and his poll numbers are rising a des moines iowa register poll showing 57 of democrat caucusgoers choose sanders as their first choice, and their minds already made up, no other candidate got more than 30 , so, sanders jump just a flash in a pan or is it a solid move toward a democrat socialistic, in the Democratic Party<\/a> . Kristina well that number for the iowa poll would be earn can ning for any other candidate in the race but it has to do with three reason, and you have high highlighted on the political article, so he has somebody that needs to replace her and then up and coming kamala harris, beto orourke, and then withstanding the democrat debates so maybe that shows he could come through. I dont know. Well a good socialistic will have to share those poll numbers with the rest of the candidates, and look im going to give one thing to Bernie Sanders<\/a>. He sticks to his message. Others do not. You have Elizabeth Warren<\/a> coming off the medicare for all now, and i think that helps and his numbers are a little bit better, i do not think they are as good as they say i do not think he can beat joe biden as we get closer, i do believe the country even on the democratic side is more towards the middle and he is left of the left and i think as we get closer were going to see that occur. I think the problem is the economy is too strong for biden and thats because biden is the guy you vote in, if the economy is weak and you just want to change somebody because he really doesnt represent a revolution but when you got a really strong economy, with people that are very wealthy, bernie represents like the french revolution its the 1917. Were going to take all that money and were going to re distribute like thats not a biden move. That is a bernie move, and like Elizabeth Warren<\/a> has political problems i think were seeing now, and so if the economy stays strong, i do think that bernie is going to be the leader. David but gary its not just the rich that are getting richer the smallest folks out there, the smallest entrepreneurs, and businesses, the lowest 10 of income earners got a 7 raise since the tax cuts, so i mean, everybody a rising tide lifts all votes. Precisely, i dont agree with for that reason i dont agree with jonass premise. Lets hate on the rich, i think just thumbnail of all of these candidates warren comes across, be honest a little bit corrosive , school marmish, kind of in the way hillary did and joe biden is basically a Walter Mondale<\/a> 2. 0. Im sure hes a very nice guy, just doesnt move the needle. Mayor pete comes across the most people as a little too young and inexperienced so what does that leave you . This other cast of nobodys, the andrew yangs of the world, that pretty much leaves bernie with charisma as gary k said he stick s to his message, i dont think he has a shot but he is the best at this point. Let me just say bernies message is on video calling for 100 tax rate for people making 1 million and above. Hes on video calling for just the state taking over, industry after industry. He has been pronouncing that he has no problem, if the boston bomber votes in all elections when it comes down to it, this guy is not going to make it to the end. Theres too much left of left and crazy, im sorry. Kristina what about you mentioned andrew yang really briefly but if he were successful at tapping into the Asian Americans<\/a> vote which has the lowest turnout rate couldnt that create a movement i know he hasnt done so thus far given the polls but could that not be something . So what about bloomberg . They need to get the swing voter and hes suspiciously not rich for a tech executive to a moderate voter in my opinion. Hes not as successful as you think he would be. Lets not forget Pete Buttigieg<\/a> was saying you vote for me because im less wealthy than the rest of them. David lets not forget somebody else too with all of the buzz isnt just about bernie and Pete Buttigieg<\/a>. Now people are beginning to talk about a president ial run by alexandria ocasiocortez. Stop right there. David the young congressmans work is setting her up for a potential future campaign, of course shes not 35 shes 30 so he would have to wait until the next campaign she couldnt even be the runningmate, but does aoc represent the future of the Democratic Party<\/a> . I think what you need, right david hold on gary go ahead. Kristina you need somebody thats cop compelling and this is missing from the Democratic Party<\/a> like an Obama Movement<\/a> or feel the burn slowly got traction so maybe with aoc, shes got a lot of younger people riled up, shes very good at, you know, getting in touch with them, with her social media et cetera, voicing her opinion on every single matter that comes to light, so maybe its something, i dont know. David gary b. . Look i totally agree. She checks a lot of boxes. Shes youth full, shes certainly got charisma, shes attractive, shes wellspoken. I dont think most of her ideas hold much weight to be honest so under the scrutiny of campaign ing for president she probably falls apart but would she be a good candidate . Yeah, absolutely. Look with all due respect, shes no obama thats number one and number two is her claim to fame for me right now is she cost a ton of jobs in Long Island City<\/a> along with some of her buddies and we can get into other Little Things<\/a> also, but look the bottom line is that this is where the Democratic Party<\/a> is going, they are going to be in big, big trouble. This country is still left of center, middle and right of center. Were not debating whether it should be good for the economy. The fact is she would be leading this pack and more obama than other people and specifically to the specific issues, Elizabeth Warren<\/a> when she shamed Pete Buttigieg<\/a> thats exactly why shes not good at doing what aoc does well which is the put down and what trump does well and thats an important reality show quality to have today in modern politics. David thats true but look at what happened in the uk. I mean, the uk of course they lived through socialism we havent done that yet thank goodness but i think the same kind of thing, if obviously its not aoc, shes not old enough but if its bernie or Elizabeth Warren<\/a>, wouldnt the same kind of wipeout of the Democratic Party<\/a> happen here, like it happened in britain . Well imagine a debate of Elizabeth Warren<\/a> saying my plan is going to cost 2 million jobs and trump saying well my plan brought us 6 to 7 million jobs and bernie says im going to raise taxes on people making 29,000 up and trump says i lower ed taxes for everybody and look whats happened. I dont think they got a shot at that. David a Record Number<\/a> of states are raising the minimum wage next week what could it mean for Small Businesses<\/a> and workers . Well be asking former waitress simonne barron from seattle, the first impact of her higher minimum wage, he warning, coming next. thud crash grunting whistle play it cool and escape heartburn fast with tums chewy bites cooling sensation. Tum tututum tums brakes screeching okay. So, today youre going to leave your phone with a guy named flip. ding but its more than your phone, its your business, your customer data, your sales figures. And who can forget, those happy hour selfies . Not flip. honking, gasping this isnt working. Introducing samsung Business Security<\/a> solutions, with knox software. With the galaxy note10, you can remotely wipe data or lock phones, so your business is secure even when your phone isnt. Samsung business solutions. Even when your phone isnt. Heresthe first ones. Y ones. The hey, i look good with this ones. The black, brown, red, and grey ones. The itchy ones. The ones grown by dad. The ones grown for dad. The i nearly didnt do it this year ones. And the absolutely filthy ones. They all raise awareness. Raise funds. Start conversations and save lives. cos whatever you grow, will save a bro learn more at movember. Com sfx birds singing, distant dog barking hi hi whistling tune dont worry, be happy david Small Business<\/a> owners bracing for impact as the Record Number<\/a> of states, cities and counties are raising the minimum wage in 2020 just days away. On january 1, 21 states will see wage hikes, Washington State<\/a> is going to be the highest at 13. 50 an hour lets bring in former waitress and cofounder of the full Service Workers<\/a> alliance, simonne barron, and just for the audience you lost three restaurant jobs because of hikes in the minimum wage is that right . Well yeah, so my current job is closing on january 17, because of minimum wage and high rents and other laws that are coming through our city council and my former second job is closing for the same reason and then i went ahead and put out some resumes and got one interview back and before i could even confirm that interview with the manager the owner decided to close that restaurant as well. Im batting zero right now. Well i think that its a little early to tell, because were still in a good economy and this is actually my biggest problem with the high minimum wage is that the whole problem is when the economy goes bad and you need wages to drop you cant drop them because theres a minimum and all of a sudden unemployment sky rockets at the worst time and you mentioned actually its interesting because rising rents put a lot of marginal businesses out its not just minimum wages in fact the rent cost in many cases the bigger problem but that rent can go down in a weak economy and theres no floor other than your lease you can renegotiate than a federal or state law so my concern is what youre seeing now is the tip of the iceberg and the next recession that highlights how having the highest global minimum wage is a problem for us. David what do you think, simonne . From what im seeing here is this high minimum wage is throwing everything out of balance. There are different standards and traditions that we have in a full Service Restaurant<\/a> that the minimum wage tend to just kind of throw it off kilter, so you know, were seeing Restaurant Owners<\/a> going to different pay models, and doing a lot of Different Things<\/a> effecting our income and ultimately were los ing jobs and were losing support staff jobs too, like bar backs and buskers and hots and all of those entry level positions that kids come in and get their foot in the door for our industry. Those are going away because they cant afford them, and then it comes down to me working more for less and then ultimately they cant afford rents and other things to create the wonderful restaurants and culture that we have here in seattle and so they are closing and weve seen several places close. David gary smith . Simonne gary smith welcome to the show. Thank you. Youve been involved in the Restaurant Industry<\/a> it sounds like for quite a while and its my feeling that any time the government gets involved in anything outside the government, they dont know whats going on, so im curious from your perspective, if there was no laws or rules whatever Restaurant Owners<\/a> could pay staff, however, they wanted to pay, what do you think is the best model to ensure the Restaurant Success<\/a> and attract highquality workers . Well at this point, i think Something Like<\/a> an exemption from that minimum wage hike would be great for the tipped workers so if we have an exemption where were paid maybe a smaller minimum wage like a tip credit in some of the states if we were able to do that here, i think that would help a whole lot stabilizing our industry, and it would allow the money given to people like myself who didnt ask for this raise to go to dishwashers and cooks in the backofthehouse and places they need it so that they can live in a city like seattle where its expensive. The shame of this is when you have bureaucrats dictating to Business Owners<\/a> the one that put in the time and the eft and the risk capital and telling them that they have to pay more without getting any more productivity gains, those Business Owners<\/a> are going to react and its going to be less employee, less man hours, probably some robots and then in tough cases, you lose the restaurant or the business. My question to you is there any movement from the city there where more people are thinking like you and maybe you guys go to try and be elected and kick some of these people out . Well, you know, i hope that were getting through to some people but our Current City Council<\/a> is absolutely tone deaf. They dont want to hear us. Weve been telling them since the beginning that these are the things that are going to be happening, and they just wont listen. It really bothers me because these are some of the people that i voted for. I consider myself a progressive person and i have voted for some of these people and they are not listening to me, and ive gotten involved and been doing this now for several year, and ive been trying to let them know and so i will continue to be going to these offices or these legislators and telling them, you know, this is effecting our jobs. Simonne on our foxbusiness. Com website we have an article up that shows by the end of 2020, 24 states will see their minimum wages rise, so this is just a simple question comparing the United States<\/a> to europe, and your previous role as a working in a restaurant. How do you feel about the model where theres no tipping whatsoever . Its hard for me to even fathom that. For one, theres no way to maximize your income on a flat wage, you know, tipping has a cost of living increase built into it and thats one of the great things that we enjoy so as cost of goods rise, menu prices rise, and my tips will rise, because its based on a percentage of the bill. A flat wage is a flat wage, you know, we hear economists talk all the time about the wages are stagnant and have been for 40 years. What is this doing . If youre getting rid of tipping and putting us all on a flat wage youre stagnating our wage. David the other great thing about tipping is that its an incentive. If you work harder, then your fellow waiter you get paid a little extra by the tip if you wipe out tips. I mean thats the thing, when ao c, she knows what tipping is. When she was talking about wait ers wages, and bartenders wages not being liveable, its because you dont make the money on wages, you make the money on tips. And if you work hard, you get better tips, simonne we wish you the very best and we hope you have some effect on that city council, eventually every city council has to be voted in again and maybe this one wont be. Well we hope so. David thank you very much best of luck to you. Thank you. David if you think you missed out on all of the Great Holiday<\/a> deals you are mistaken. The best day to get all of your tech gadgets is actually today. Weve got all of the details coming up, next. Most people think of verizon as a reliable phone company. But to businesses, were a reliable partner. 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Today is considered the best day of the year, by big ticket items , in electronics our own jeff flock is in glennview, illinois with more on this. Hi, jeff. Reporter at the worlds, david the worlds biggest single electronics and appliance retailer, this is Abt Electronics<\/a> you Like Television<\/a> . There are so many televisions, i cant tell we have fox business on earlier, ratings went through the roof. The reason you get deals now not just today in fairness, it is between now and the end of the week, because people return things, and this is something that somebody returned its a samsung tv. Put the numbers up i think weve got the numbers up tell me what those are. So this is a 75inch tv. Reporter samsung. 1,100 originally but its an open box marked down to 648. Reporter so you discounted it to start with and you discount it more when somebody returns it so thats one reason. Here is the other reason david this is the end of the year. Number one prices will start to go up, next year, first of the year, but youve got inventory youd like to clear out of here. Correct sometimes you buy too much and you want to move it so you pass on the savings to your customers. Pursuant to that weve been joking about the air but its funny example id like to highlight and ill look over this gentlemans shoulder, i hope i didnt scare him away from ear pods because you bought 8,000 of these ear pods from apple right . Yeah, we had a few in stock, but it works out for our customers because now we have them marked on sale for 166 which is the lowest price in the entire country. Reporter we checked that out we checked that out and it is the lowest price in the country but is there a reason you bought 8,000 of these . Well we knew they would be popular for the Holiday Season<\/a> and they definite definitely were, but we still have a lot left. Reporter the guys that bought the 8,000 what happened to him . Hes doing great. Hes doing great. Reporter he no longer is with the company but this is business for you sometimes you make a bet and it doesnt go right and we as the consumer get the good end of that deal. David by the way jeff youve been in my little apartment in manhattan. Do you think a 75inch tv would get through the door . I dont think so. Reporter well it might get through the door, im not sure where youll put it in there. You have lovely decor in there i wouldnt spoil it with television. Use your mind. David i was going to ask you to bring one to new york but i guess i wont then, jeff thank you very much my friend. See you later. Reporter happy new year. David gary k. , im wondering are you taking advantage of the deals today . I wish i took a picture of me in my office, i have Six Computers<\/a> surrounding me, three tvs two phones and of course as i have said to you david i got one of those alexas for a present and its in my closet with towels over it, no more, nobody is stalking me but i was in best buy last week and he said if you want good deals come back right after christmas so youre on to something. Kristina wow, how do you have six screens . Keep going. Kristina how do you even focus in terms of deals, another big tip too because i only buy things on discount, Consumer Electronics<\/a> shows beginning of january, usually, you see further discounts on electronics after that because the new stuff is coming out, there are a lot of Price Comparison<\/a> things that you can put on your web browser to compare prices for amazon, obviously its getting a little bit hard core, but there are some tips, the outlets i wouldnt overlook and clothes too so because people are returning on the first and the second or just within the next week, you could possibly true. Wonderful point youre making but everyone spent all their money before christmas on their gift so ill give you actionable advice as an investment advisor. You convert your family to russian orthodox, do your gift giving for new years, you make christmas a religious holiday, and thats how they do it in russia and buy the cheap stuff now. David gary . Im sorry to interject and in fact we got some sad news to report now. We are just getting this news in famed radio host of imus in the morning, don imus has died he was 79 years old. His wife of 25 years, deirdre and son wyatt are left and he has daughters nadine, ashley, elizabeth and tony and again he worked for fox business news, we are very sad for the family and we wish them the very best god rest his soul, well be right back. Music air pump motors lamp crashes music its the final days of the wish list sales event. Sign and drive off in a new lincoln with zero down, zero due at signing, and a complimentary first months payment. About being a scientist at 3m. I wanted them to know that innovation is not just about that one aha moment. Science is a process. It takes time, dedication. Its a journey. Were constantly asking ourselves, how can we do things better and better . what we make has to work. We strive to protect you. At 3m, were in pursuit of solutions that make peoples lives better. At 3m, were in pursuit of Solutions Beyond<\/a> the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. David students at one of the nations Biggest School<\/a> districts will not have to wish for snow days to skip class this winter. Now all they need is an excuse to protest starting next month, Public Schools<\/a> in fairfax, county, virginia allows students to take off one day a year to participate in protest activities like marchs and sit ins but conservatives say the policy favors liberal causes so should tax dollars educate kids be supporting Something Like<\/a> this . Gary smith . Well, ill tell you, david i guess the default response you expect from me is to rail against this but you know, i dont really mind. Its a day a year. Does it tilt toward the liberal causes . Yeah im sure it does. They tend to protest more if you will, but i guess if the kids have a chance to learn about civics or learn about issues, certainly going to be more involved than i was when i was growing up and its probably a better use of time than we spent taking field trips to wherever which was just a chance to goof off for the day. Im more concerned about the liberal cause of getting paid not to work. Why cant they have a day where they learn about the protests and how kids do need to learn more about politics and used to call it civics but taking a day off they wont learn anything. Kristina the students have to fill out a form two days in advance so at least its a little bit more planned but i just dont want this to be like a hyper partisan situation where you almost miss trust schools now, and saying they are more liberal which ive seen online and a few people weigh in on this and already making that type of argument but i think with gary smith right on. Its virginia so its going to be very partisan. I have absolutely no problem with one day but wait until it turns into two days, and wait until it turns into three days because when they start with one day david thats a good point. By the way, they are a lot more liberal. They dont have like you were saying they dont have civics classes any more and a lot of the teachers are there not to educate. Kristina not all. David a lot of them are. Its changed trust me as a former teacher i can tell you stories but that would take a lot more time than what we have. Well you might like to have a drink or two to unwind after work but a new study says you could be putting that money to better use elsewhere. Well tell you, what you can get , by going dry at least for a while, thats next. 1 in 5 people you meet wear dentures. Yeah. That many but right now, is not the time to talk about it. So when youre ready, search my denture care. Poligrip and polident. Fixed. Fresh. And just between us. I met a new friend. Its great to meet someone. Who really understands. She lost her dad last year. I really miss you mom. Taps, the Tragedy Assistance Program<\/a> for survivors provides resources, support and comfort to heal the harts of grieving military families. Help us at taps. Org family. David for a lot of adults, having a few beers or glasses of wine is not going to set you back too much, but according to research by Foreign Exchange<\/a> firm taxton associates, the average casual drinker could save nearly 60 a week by cutting out alcohol meaning you could save more than 3,100 over a year. A very nice vacation. So is anyone here resolving to give up alcohol for a year for a spectacular vacation . That amount is definitely not coming from somebody who lives in new york city when you get a cocktail that is 25 not including tip. This reminds me of the vitamin water challenge, promoting something good for your body. Will i do it . No. I dont drink, sorry. David zero . I think maybe three a year. But i will tell you, if i add up all the trims espressos at starbucks, i think i hit that 3,000 number. What if you like booze more than vacation . [laughter] this is a twist on the dont spend money on lattes, youre going to somehow magically have money. The important thing is to spend money on what you like the most and then save a little. If you like your booze more than your vacations, this is stupid logic. Ing what do you like then . I like to drink on vacation. [laughter] ive got two jobs, baby. David gary smith, you live in the center of vacationville in florida, so you dont have to decide. You have a permanent vacation, plus you can have a drink or two, right . Exactly. This is from the heart, the time that my wife and i and if we have our children around, my wife and i have a little, quoteunquote, cocktail hour at the end of the day, priceless. David well see you, folks. The dow closing out the last full week of trading this year in style, delivering yet another record close as the s p 500 carried on a different winning streak. Is slowing down for Elizabeth Warren<\/a> . Her president ial campaign sending out an email today asking for help. Well tell you how much they want. Meantime in washington, little Holiday Cheer<\/a> ahead of impeachment. The fingerpointing not slowing down this week. Also this evening a new lawsuit filed by families of the fallen, why they say money flows from companies in the u. S. To the taliban in afghanistan. Plus, the battle over the","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia902804.us.archive.org\/13\/items\/FBC_20191227_220000_Bulls__Bears\/FBC_20191227_220000_Bulls__Bears.thumbs\/FBC_20191227_220000_Bulls__Bears_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240716T12:35:10+00:00"}